This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for constructing complex organic molecules, especially in the pharmaceutical and materials science industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating aryl-aryl linkages in drug development and advanced materials. Additionally, it is employed in the synthesis of organic electronic materials, including OLEDs and semiconductors, due to its ability to introduce aromatic structures into polymers or small molecules. Its stability and reactivity also make it a useful intermediate in the preparation of fine chemicals and agrochemicals.